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fha secure: FHA may be Your Best Choice - 07/04/11 11:10 PM
The demise of subprime, no-documentation and no-down-payment loans is more than three years in our rear view windows. Many folks with credit challenges and little cash have turned to Federal Housing Administration (FHA) and Veterans Affairs (VA) loans for their home financing needs.\
While the FHA has recently tightened itsstandards, it’s one of the only options for a low down payment. Consider the following:
FHA loans require just a 3.50 percent down payment in most areas. Maximum allowable loan amounts vary from $271,050 to $793,750, depending upon the area. Interest rates are competitive. Today’s 30-year fixed rates are as low as … (3 comments)

fha secure: FHA set to Increase Mortgage Insurance Premiums - 03/06/11 01:34 AM
Starting April 18, 2011, the Federal Housing Administration (FHA) mortgage insurance premium will be increased on all 30 year and 15 year loans. The amount of the increase is a quarter of a percentage point (.25) which is typically financed into the loan. This will in turn be an average increase to new borrowers of about $32 per month.
FHA says the increase is needed to maintain the stability of the Mutual Mortgage Insurance Fund (MMIF). It is estimated that this increase will generate around $3 billion annually to the MMIF. The additional expense may have borrowers looking to obtain mortgages … (0 comments)

fha secure: The New Breed - How to sell to the New , Younger , Homebuyers - 11/15/10 02:27 AM
If you have been noticing the real estate blogs and other websites regarding real estate, you might have noticed the influx of young people wanting to buy their own homes and be independent from renting and more embarrasingly, living with their parents. Now you might think this is a good sign that the market is finding a new demographic of customers, however, this age group is not without its challenges.
When I meant that these customers are young, I do mean young, as in 21 years old and up. When we look back at our 21st year, we can still oftentimes … (0 comments)

 
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Stephen Katz

Atlanta, GA

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Katz Mortgage Team, a branch of VanDyk Mortgage Corporation

Address: 800 Johnson Ferry Road, Atlanta, GA, 30342

Office Phone: (866) 742-8400

Cell Phone: (770) 552-1000

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